Office Properties Income Trust (NASDAQ:OPI) Announces Quarterly Earnings Results, Beats Estimates By $0.97 EPS

Office Properties Income Trust (NASDAQ:OPI) released its quarterly earnings data on Thursday. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.97, Zacks reports. The firm had revenue of $118.24 million during the quarter. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%.

Office Properties Income Trust Price Performance

Office Properties Income Trust stock traded down $0.05 during mid-day trading on Friday, hitting $0.91. 670,840 shares of the company were exchanged, compared to its average volume of 420,463. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89. The business’s 50 day simple moving average is $1.01 and its two-hundred day simple moving average is $1.62. The company has a market capitalization of $50.80 million, a P/E ratio of -2.02 and a beta of 1.25. Office Properties Income Trust has a 12-month low of $0.86 and a 12-month high of $4.03.

Office Properties Income Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, January 27th. Office Properties Income Trust’s payout ratio is -8.89%.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.